| The KUIK Morning Market Report for Friday, November 6: | |||||||
| Markets are up. | |||||||
| Index | Direction | Change | Units | Time | Change | ||
| Dow | Up | 37 | points | 17,899 | 6:49 AM | ||
| S&P500 | Down | -0.2% | percent | 2,096 | (4.01) | ||
| Nasdaq Composite | Down | 0.0% | percent | 5,127 | (1.04) | ||
| 30 Year Treasury | Up | 5 | Basis Points | 3.06 | Annual Yield | ||
| It was a blowout jobs report. The Commerce Department reports 271,000 new jobs were added in October, and all but 3,000 were in the private sector. Economists expected only 180,000 new jobs. Almost every major industry boosted payrolls and it is the fastest pace of 2015. The unemployment rate fell to 5% from 5.1%, for the lowest level since April 2008. The labor force participation however was unchanged at 62.4, a 42-year low. That strong report raises the chance of a hike in interest rates in December. | |||||||
| Worker pay might be increasing. The average hourly wage paid to American workers rose 0.4% in October and posted the strongest 12-month gain since mid-2009. The typical worker earned $25.20 an hour in October, up 9 cents from September. From October 2014 to October 2015, hourly wages rose 2.5%, the best year-over-year gain since the U.S. exited recession in June 2009. | |||||||
| Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/us-creates-271000-jobs-in-october-as-labor-market-heats-back-up-2015-11-06 | |||||||
| http://www.marketwatch.com/story/us-hourly-wages-post-biggest-year-over-year-gain-since-2009-2015-11-06 | |||||||
| For today’s Morning Market Report click to listen-> | |||||||